AI infrastructure transformation further advanced Zhonglian Development Holdings (00264) signed a major order of 24.98 million US dollars for prefabricated AIDC modules

Zhitong Finance App learned that on July 26, Zhonglian Development Holdings (00264) issued an announcement stating that Ganic Synergy, a wholly-owned subsidiary of the company's non-wholly-owned joint venture, and Brightray Veridian PTE.LTD signed a pre-manufactured AIDC module procurement service contract with a total contract value of 24.98 million US dollars. According to the contract, the service company will supply customized pre-made AIDC modules to customers and provide services such as shipping, acceptance testing, and on-site installation for the Johor Bahru project in Malaysia. This partnership marks that this traditional company, whose main business covers leather manufacturing and fashion retail, is accelerating its cross-border transformation into a high-growth AI infrastructure field.

Currently, global demand for AI computing power is exploding, and prefabricated modular data centers have become the mainstream solution in the industry due to their short construction cycle and quick overseas deployment. Relying on the dividends of being close to Singapore, the modular computing power market has broad prospects. The company said that successfully fulfilling the procurement contract and fulfilling the warranty will accumulate valuable operating experience and market expertise in the field of AI infrastructure development and high-performance computing power, and help participate in future project bids and partnerships with potential AIDC developers and operators.

In recent years, the global wave of artificial intelligence and the accelerated development of the digitalization process have led to the continuous expansion of the market size of intelligent computing power centers as artificial intelligence and digital infrastructure. Zhonglian Development Holdings has taken the initiative to lay out the computing power circuit and promote the upgrading of the business structure. Just in June of this year, Zhonglian Development Holdings Joint Venture obtained priority supply rights for AIDC modules from Shanghai Deheng Data, which can stably lock in production capacity and effectively mitigate current industry bottlenecks where parts are scarce and delivery cycles are lengthened, thus fully grasping the development opportunities of AI infrastructure and enhancing the company's long-term growth prospects.

Receiving a large order this time is a substantial breakthrough in the business transformation of Zhonglian Development Holdings. In the future, the company will continue to deeply cultivate the Southeast Asian computing power blue ocean market, and the AIDC business is expected to form a new growth curve and further enrich the revenue structure. After successfully entering the booming circuit, the company's fundamentals are expected to usher in a reevaluation window.